I lost so much fucking money today.

File: 54 KB, 900x621, 1571847976948.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Fri Oct 25 22:14:08 2019 No.16033788 [Reply] [Original]

I lost so much fucking money today.

>>	Anonymous Fri Oct 25 22:16:30 2019 No.16033824 >>16033788 now is your time to shine

>>	Anonymous Fri Oct 25 22:21:56 2019 No.16033907 >>16033788 Shouldn’t have bet against your bros champ. Back to the basement with you

>>	Anonymous Fri Oct 25 22:23:57 2019 No.16033935 >>16033788 time to kys

>>	Anonymous Fri Oct 25 22:24:15 2019 No.16033939 >>16033788 Bottom shorters always get the rope.

>>	Anonymous Fri Oct 25 22:25:09 2019 No.16033960 File: 569 KB, 1434x1824, Screenshot_20191025-182423_Brave.jpg [View same] [iqdb] [saucenao] [google] This has to be the /biz/ thread of the year

Anonymous Fri Oct 25 22:30:21 2019 No.16034038

I feel so humiliated with myself. Disgusted. I don't know how I'm going to face my family and keep a smile on my face. I was angry at the world and doubled my short at 8600 rather than cutting my losses.

Please don't trade when your emotions are running wild.

>>	Anonymous Fri Oct 25 22:31:25 2019 No.16034053 we can alll be rich if bobo goes away forever say NO to shorts say YES to longs

>>	Anonymous Fri Oct 25 22:33:46 2019 No.16034077 >>16034038 Anon, pull urself together and make of this what u can -this is just the beginning of the golden bull run and you’ve been humbled but keep fighting

Anonymous Fri Oct 25 22:34:08 2019 No.16034079

>>16034053
>>16033939
>>16033907
If it were up to me, we'd all be rich. I'm sorry for posting threads gloating when BTC dumps. I forget sometimes that actual people are losing money. It took an epic tragedy for short sellers like today for me to really get it.

Thanks for the heart to heart.

>>	Anonymous Fri Oct 25 22:36:47 2019 No.16034128 >>16034079 How much did you lose, anon? You can tell us, we are all anonymous here and this thread will disappear by tomorrow

>>	Anonymous Fri Oct 25 22:37:39 2019 No.16034143 >>16033788 Stay disciplined. You'll make it back.

>>	Anonymous Fri Oct 25 22:38:45 2019 No.16034157 >>16034079 >I'm sorry for posting threads gloating when BTC dumps. This is why you piss people off, it's so damned annoying. Normal people don't take pleasure at another persons loss.

>>	Anonymous Fri Oct 25 22:41:10 2019 No.16034190 >>16034157 Normal people don't come here

>>	Anonymous Fri Oct 25 22:41:44 2019 No.16034199 Who was the legendary bobo who shorted 10700? That's impressive and ballsy.

>>	Anonymous Fri Oct 25 22:42:45 2019 No.16034214 >>16034128 1.7 BTC, loss is shrinking atm though. My biggest hope is the CME futures gap closing with a vengeance.

>>	Anonymous Fri Oct 25 22:43:09 2019 No.16034219 >>16034190 Fuck, I'm not normal either. I have like 0 friends.

>>	Not snowden Fri Oct 25 22:43:14 2019 No.16034220 >>16033788 Good, fuck you degenerate gambler.

Anonymous Fri Oct 25 22:43:48 2019 No.16034234
File: 50 KB, 640x385, 2VZXybTSZJq1AreaDn1D7Jp7ZEvgLC9TvJctofX1ChMgSZnbRprg24td84WoKmkV7nqoi3SrvUHbhZR5RpDcieuwnCU8KxDNiao7mJTniXBR9ho6dsdaYHPKC1Hx598fN8qyhwtqpoAeptmPZUFR25mJtAA.jpg [View same] [iqdb] [saucenao] [google]

>>16033788
Serves you right bobo.

Anonymous Fri Oct 25 22:44:51 2019 No.16034254

>transfer money to coinbase on Sunday
>finally finishes processing TWO FUCKING HOURS AFTER A THOUSAND DOLLAR SPIKE ON BTC PRICE
This is out of fucking control. What's a better exchange? 5 fucking business days is too fucking long to process a direct bank transfer. And the investment money should be available immediately if I have BTC in my exchange wallet to back it.

Not snowden Fri Oct 25 22:45:12 2019 No.16034267

>>16034219
Stop being a whiney stinky pussy and go make some "friends", or go find a girl to boink because that's probably what you really subconsciously desire, its okay to desire those things, and just like in math there are formulas you follow to get the desired results, it just takes practice, but if you sit there and hold your limp dick then you will get the same result every time.

>>	Anonymous Fri Oct 25 22:48:20 2019 No.16034312 >>16034254 I fucked up my KYC and I could have bought 2 btc for 4k, instead of .80 at 4400 or whatever.

Anonymous Fri Oct 25 22:51:52 2019 No.16034363

>>16034254
That's because the normal deposit uses ACH which has 3 days of clearing time. Plus Coinbase holds those funds hostage for another couple days probably to prevent bank shenanigans.

If it's extremely important to get money in yhour account to buy crypto quickly, wire it to them.

>>	Anonymous Fri Oct 25 22:56:46 2019 No.16034428 >>16033788 Dont worry bobo. You can buy back in at 20k bottom in 3 years

Anonymous Fri Oct 25 22:57:46 2019 No.16034439

>>16034363
Fuck wiring, I want an exchange that isn't such fucking jews about transfers. Wire transfers are fucking expensive.

They keep bitching at me that I'm a very high value customer, least they could do is process my shit properly. Etrade doesn't have this problem.

>>	Anonymous Fri Oct 25 23:01:29 2019 No.16034483 >>16034254 you can buy instantly with gemini and square cash

>>	Anonymous Fri Oct 25 23:03:11 2019 No.16034507 >>16034483 Thanks bro, what kinda limits are there? I usually transfer a few grand at a time.

Anonymous Fri Oct 25 23:06:00 2019 No.16034530

>>16034079
>I'm sorry for posting threads gloating when BTC dumps
Every time BTC dumps you fags all gloat and fill the board with bobos, every time you get liquidated you come back with your tail between your legs with some sob story and expect us to feel sorry for you
Go fuck yourself, if you wanted sympathy you wouldn't have acted the way you did. Bobos are cancer

>>	Anonymous Fri Oct 25 23:25:12 2019 No.16034768 >>16034038 Why the FUCK would you short after it broke the monthly resistance? That is full retard.

>>	Anonymous Sat Oct 26 00:26:26 2019 No.16035353 >>16034038 Learn from it, and keep at it. Let it make you a better trader in the future.

>>	Anonymous Sat Oct 26 00:27:09 2019 No.16035358 #metoo

>>	Anonymous Sat Oct 26 00:28:01 2019 No.16035366 >>16034038 I lost my shirt on April fools and I’ve come back stronger. It’s not over unless you say it is lad

>>	Anonymous Sat Oct 26 00:28:16 2019 No.16035367 >>16033960 lmao

>>	Anonymous Sat Oct 26 00:38:11 2019 No.16035428 >>16033960 Kek that fucking thread >stop fucking around bobro and close it. 8.2k >holy shit this guys about rekt. 8.6k Then 300 replies of pure rekt Today was a fun day

>>	Anonymous Sat Oct 26 00:42:30 2019 No.16035460 >>16035428 Lmao i guess its still around kek only 128 replies. How is this board so dead

>>	Anonymous Sat Oct 26 00:57:57 2019 No.16035543 File: 98 KB, 1133x2015, 35125317-CB4E-47FA-BE8B-C612A3A30216.jpg [View same] [iqdb] [saucenao] [google] >>16033788 same desu i lost .7 btc

Anonymous Sat Oct 26 01:05:18 2019 No.16035592

>>16034254
Binance.us has been my exchange since the day Coinbase announced that gaylord 200% fee increase. I'd been using Coinbase since 20 fucking 15 until they pulled that shit. I was sick of their holding of funds for 7 days anyway.

Binance.us has more pairs, deposits arrive IMMEDIATELY (you just can't withdraw for 10 days to prevent bank disputes, etc). and so far it has been great. Volume is a little thinner perhaps, but it's grown a lot. Say what you will about ChinkyZebra, but Binance has a ton more going for it than GoldmanBase.

Here's a referral ID to get you and me $15 after you trade $100 of volume. Also, trades are free until November.

binance.us referral ID 35019151

>>	Anonymous Sat Oct 26 01:31:30 2019 No.16035781 Good, bobos deserve misery for shorting human freedom

>>	Anonymous Sat Oct 26 01:35:50 2019 No.16035809 >>16033788 LMFAO SPIN THJE WHEEL YOU DSTUPID FAGGOTS

>>	Anonymous Sat Oct 26 01:42:57 2019 No.16035854 >>16034157 >>16034530 Not OP but you guys should chill. Bears and volatility are part of every market. Green dildos infinitely shooting to the heavens aren't even healthy...

>>	Anonymous Sat Oct 26 01:57:34 2019 No.16035942 I don't understand what did OP do? What is shorting and where did he fuck up?

>>	Anonymous Sat Oct 26 02:05:11 2019 No.16036005 no you didn't LARPing fagtron nocoiner

>>	Anonymous Sat Oct 26 02:35:53 2019 No.16036251 Okay I watched a video on margin trading but what happened in this picture? >>16033960

>>	Anonymous Sat Oct 26 02:44:53 2019 No.16036311 >>16035854 nah, if you gloat the way bobos do whenever bitcoin goes down you deserve what's coming

>>	Anonymous Sat Oct 26 02:46:05 2019 No.16036320 File: 120 KB, 1146x871, 1554839444581.jpg [View same] [iqdb] [saucenao] [google] >>16034254 Lol, use RobinHood.

>>	Anonymous Sat Oct 26 02:47:23 2019 No.16036328 >>16034254 They took 19 days for mine. They're a fucking scam.

>>	Anonymous Sat Oct 26 02:51:21 2019 No.16036359 >>16036251 Right after that post a giant green dildo came and rammed his asshole unmercifully until he was left destitute.

>>	Anonymous Sat Oct 26 02:53:34 2019 No.16036372 >>16036320 > Can only trade btc > Can't even send that btc to a wallet because your not even actually trading anything but theoretical btc Why would you do this?

>>	Anonymous Sat Oct 26 02:53:35 2019 No.16036373 >>16033960 With a short position you can theoretically lose infinite money. This guy was testing that theory.

>>	Anonymous Sat Oct 26 02:54:05 2019 No.16036379 >>16036359 Okay but how does that work? So bobos bet on the price of bitcoin going down and they make money when it goes down is that it? But how? Why did the price going up fuck him?

>>	Anonymous Sat Oct 26 02:54:14 2019 No.16036380 >>16036320 >fake crypto platform You can't even transfer your coins its basically an ETF

>>	Anonymous Sat Oct 26 02:56:03 2019 No.16036395 Its ok bobo, pick yourself up again to see another day. Take the 2× leverage long only pill

>>	Anonymous Sat Oct 26 02:56:05 2019 No.16036397 >>16034254 Use crypto.com Anon.

Anonymous Sat Oct 26 02:58:28 2019 No.16036409

>>16035942
I'm trying to figure it out too. Apparently shorting is when you take out a loan of a crypto or stock so you can trade it. But I dont get what op did exactly. Did he buy at 8600 sold at the bottom around 7400 and is now sad that it pumped to 10k?

Anonymous Sat Oct 26 03:01:30 2019 No.16036434

>>16036379
You borrow the btc to trade in a short sell. You sell right after borrowing it in anticipation of a price drop. If the price drops, great you buy back more btc at the lower price and pay back your lender and pocket the leftovers. If the price goes up you cant buy the same amount of btc that you borrowed without dipping into your margin. Once the price rises past a certain point (approximately 4%) past your initial sell point the position and all your margin is liquidated.

Anonymous Sat Oct 26 03:03:24 2019 No.16036447

>>16036379
not sure how shorting shitcoins works, but shorting is borrowing a stock, selling it when it goes down and then buying it back at a lower price to return it to from whom you borrowed. They get their stock returned and you pocket the difference.

>>	Anonymous Sat Oct 26 03:04:41 2019 No.16036456 >>16036409 1. Borrow $100 worth of stock/coin 2. Sell $100 immediately 3. Price goes down to $50 rebuy at 50 and return to the lender 4. Profit $50

>>	Anonymous Sat Oct 26 03:05:18 2019 No.16036460 >>16036434 Why the hell don't they just call that a regular loan? What difference does it make lol

Anonymous Sat Oct 26 03:06:16 2019 No.16036468

>>16036409
He bought somewhere around 7600, made some money when it dipped, price pumped up again a little but not enough to lose money, so he came here to talk shit. Right after a huge pump sent the price up past 9000 within minutes, causing his position to be closed and his collateral for the loan to be liquidated.

>>	Anonymous Sat Oct 26 03:08:09 2019 No.16036483 Or wait a minute. If the stock went up then doesn't op just break even what's the big deal?

Anonymous Sat Oct 26 03:10:02 2019 No.16036499

>>16036460
Call what a regular loan? They call it leverage because it acts like a lever for your trading, allowing you to make many times more money on good calls then you could otherwise. When you trade on 50x leverage you can trade with an entire bitcoin for around $100.

>>	Anonymous Sat Oct 26 03:10:25 2019 No.16036502 >>16034038 What's this guy's big deal I mean

>>	Anonymous Sat Oct 26 03:12:00 2019 No.16036514 >>16033788 I've just been selling high buying low for the last few months. I'm done playing along with memes, I will profit and that's all. Moon mission my ass.

>>	Anonymous Sat Oct 26 03:14:17 2019 No.16036528 File: 65 KB, 750x652, 7c1239d5599531b612947232abde5f29.jpg [View same] [iqdb] [saucenao] [google] >>16033788 this is what happens when you stop holding

>>	Anonymous Sat Oct 26 03:15:05 2019 No.16036531 >>16033788 BOBOS ON SUICIDE WATCH

Anonymous Sat Oct 26 03:17:12 2019 No.16036549

>>16036483
No because he sold the borrowed btc immediately after borrowing. In this case around 7600. If the price goes up he still has to pay back the lender IN btc not usd.
Example:
Borrow 1btc on 50x leverage at a current price of $10000 and sell that btc for $10000.
The price goes down to 9000. You could now take the 10000 you got for selling the borrowed btc and buy back the 1btc for 9000 and keep the extra 1000.
You get greedy though and think it will continue to drop. Now the price suddenly shoots up to 12000. You only have 10000 but owe someone 1btc, which you can no longer afford. The exchange now closes you position and takes your initial collateral to pay for the losses.

>>	Anonymous Sat Oct 26 03:20:20 2019 No.16036564 File: 289 KB, 980x742, 1571183195980.jpg [View same] [iqdb] [saucenao] [google] >>16033788

Anonymous Sat Oct 26 03:27:05 2019 No.16036613

>>16036434
>>16036447
>>16036456
I see thanks. Does sound like gambling.
>>16036499
What happens when you make a bad call? You just lose that 100 right? If he was 7600 1:50 how much was his collateral? Around 150?
>>16036549
Doesn't the guy who lent you 1tbc theoretically lose more than the collateral can cover in that case?

Anonymous Sat Oct 26 03:43:45 2019 No.16036729

>>16036613
Yes that's why margin trading can be good. The most you can loose is the initial amount you used for the loan. With normal trading of high amounts you could potentially loose a lot even with a stop loss if there in not enough liquidity in the market to close your position after a massive price move. With margin even if theres no liquidity to close the trade you still only lose that initial amount. However, the margin for error is significantly reduced. If your trading your own money you can go into the red indefinitely if you expect it to go back into the green at some point. With margin you can only go as far into a losing position as you can pay back with your margin.

All trading is gambling to a point, but especially crypto due to the increased manipulation and volatility. The randomness of markets can be mitigated by learning how to analyze charts and current events. Theres a reason some people consistantly make ridiculous sums of money trading, and it's not because of luck. There are certain patterns and strategies to maximize profit and minimize loss.

>>	Anonymous Sat Oct 26 03:57:58 2019 No.16036829 >>16036729 I see. Doesn't seem that bad of an idea since most people can afford to lose that kind of money. Then I dunno why OP is crying he probably didn't lose more than a couple hundred bucks.

>>	Anonymous Sat Oct 26 04:01:56 2019 No.16036857 >>16036829 No he likely had several thousand dollars he was using as margin. Theres no limit to how much you can borrow if you have the cash. If you have 10000 you can 100x margin and have 1 million to trade with.

>>	Anonymous Sat Oct 26 04:02:50 2019 No.16036866 >>16036729 you dont use more than 3x leverage on bitcoin further that and you are playing with fire

>>	Anonymous Sat Oct 26 04:03:30 2019 No.16036870 >>16036829 It's great to dick around and learn to trade when you put up $10 at 100x and can dick around with $1000 but those $10 losses add up quick and that's really just gambling.

>>	Anonymous Sat Oct 26 04:05:44 2019 No.16036879 >>16036870 Yes there are way too many drastic wicks that can trigger liquidation but during a huge pump like today you can make some decent money with very little risk. I pulled about 700 with just 10 margin trades at 100x today.

>>	Anonymous Sat Oct 26 04:06:46 2019 No.16036881 >>16036879 Meant for >>16036866

>>	Anonymous Sat Oct 26 04:19:13 2019 No.16036969 >>16036881 Wait. What is the other side to this story? Surely the guy lending the bitcoin makes a profit too on a good call when he gets his bitcoin back he gets interest. So wouldn't it be worth it to buy a bitcoin and start lending it?

Anonymous Sat Oct 26 04:30:13 2019 No.16037026

>>16036613
It depends on the exchange. BitMex is unique that you can isolate your position. But I think for every other platform. Your losses add up untill you can't take more and the broker closes your position out aka liquidation. And yes sometimes you can go into debt shorting/longing when something goes against you.

There have been scenario's where a stock for example gets delisted and someone still holds a short. He needs to buy back the stock he shorted to return to the lender. Only there's nothing to buy back cause the stock isn't trading anymore. So he's stuck paying the interest on his position and there have been traders who went bankrupt because of this.

Just stay away from leverage/margin. It's fucking stupid unless you know what you're getting yourself into. And you might have an idea you do. But you don't.

>>	Anonymous Sat Oct 26 04:36:53 2019 No.16037065 >>16036969 Usually the exchanges are the ones lending and collecting interest. A lot allow you to deposit your coins to be used for lending but take a large percentage so you wouldn't get that much.

>>	Anonymous Sat Oct 26 04:39:08 2019 No.16037077 >>16036969 And the lender makes the same amount regardless of whether you win or lose. Intrest is automatically accounted for in the liquidation price.

Anonymous Sat Oct 26 04:42:48 2019 No.16037108
File: 68 KB, 512x512, iqPVoZO.gif [View same] [iqdb] [saucenao] [google]

>>16034254
bank transfers can be cancelled but bitcoin transfers cannot. If Coinbase let people buy and sell crypto before a bank transfer cleared, they'd end up getting scammed out of millions.

Anonymous Sat Oct 26 04:46:14 2019 No.16037136

>>16037026
I see so the interest increases the longer you hold your position. It's not a flat percentage of the loan amount.

Nah, I wasn't planning to. I trade on the Steam community market for fun. I'm what you call a big trader. Too busy to bother with crypto funny money.
>>16037065
It's a shame. They don't let you tap into the interest collecting Jew living in all of us.

Anonymous Sat Oct 26 04:46:17 2019 No.16037137

>>16037108
Ach transfers take 3 days tops. They held my money for 19. My bank showed it as cleared the next day. They are scammers and that is a way to ensure that your money stays in their hands for a minimum period because they collect interest from it. It's bad enough they have the most ridiculous fees but they hold you money hostage too (and dont tell you until after you've made the transfer that cant be cancelled).

>>	Anonymous Sat Oct 26 04:46:30 2019 No.16037140 >>16035592 haha, "gaylord." The way you put that does my baboon heart good. Bless you.

>>	Anonymous Sat Oct 26 04:48:19 2019 No.16037149 >>16037136 Yes they're no different from banks. Actually one could argue that they are worse because they have minimal regulations they have to abide by.

Anonymous Sat Oct 26 04:56:31 2019 No.16037190

>>16037136
No the interest doesn't increase. But you agree on the interest with either the lender directly or trough your broker. It can also be a fixed percentage set by the broker. They can be extremely high though. And sometimes there might not even be any stock to borrow which is also what will determine how much a lender can charge you for it.

>>	Anonymous Sat Oct 26 04:59:30 2019 No.16037208 File: 60 KB, 1150x1084, 1544500293289.jpg [View same] [iqdb] [saucenao] [google] >>16034530 I jus wanna play candles

Anonymous Sat Oct 26 05:00:25 2019 No.16037214
File: 529 KB, 1250x5830, VIDEO GAMES.jpg [View same] [iqdb] [saucenao] [google]

>>16037149
>>16037190
Better to avoid all that and stick to Steam trading I guess. It's where all the big boys do business.

My wallet has only 80 cents in it though. But don't worry, hopefully things will pick up soon. My Anime card investments are gonna moon boiz!

I just come here for the memes. btw I made a meme about it. You guys like?

>>	Anonymous Sat Oct 26 05:13:20 2019 No.16037284 File: 74 KB, 633x375, american-psycho-axe-cr.jpg [View same] [iqdb] [saucenao] [google] Already at $9,200 Lol It was fun while it lasted

>>	Anonymous Sat Oct 26 05:14:10 2019 No.16037289 File: 133 KB, 669x948, 1570685796910.jpg [View same] [iqdb] [saucenao] [google] >>16037214 Not bad but needs coomer guy to be complete.

>>	Anonymous Sat Oct 26 05:23:33 2019 No.16037345 >>16037214 I laughed haha.

Anonymous Sat Oct 26 05:23:37 2019 No.16037346
File: 50 KB, 480x640, 1489514512846.jpg [View same] [iqdb] [saucenao] [google]

>>16037289
This was way become coomjack's time unfortunately. I literally stole from the master of /biz/ memes himself.
https://youtu.be/DMonlRsJ5hY
Good artists borrow, great artists steal. There is that small trivia goof that it shows the game already in my library before I purchase it but I think it adds something meta to it. That's it's not just ironic etc.

Also I got the anime ass from this pic, it's not in the game so if anyone was interested the game because of that detail better to save your money.

>>	Anonymous Sat Oct 26 05:25:14 2019 No.16037353 >>16033788 Bleed to death, you fury motherfucker

>>	Anonymous Sat Oct 26 05:29:44 2019 No.16037376 >>16034254 >Coinbase Based retard

>>	Anonymous Sat Oct 26 05:31:48 2019 No.16037387 >>16037289 >>16037345 Well thanks for explaining the bobo meme to me. I better go it's getting late. Good night and may boi Sminem bless your investments. https://youtu.be/V1j5lzT2pVU

>>	Anonymous Sat Oct 26 05:37:49 2019 No.16037429 >>16037387 May sminem guard over your anime cards.

>>	Anonymous Sat Oct 26 08:10:22 2019 No.16038342 >>16036320 robinhood sells customer information to market makers, they know where your entries stops etc are

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